Mill City Gold Corp.: Grant of Incentive Stock Options

2012-10-01 16:30 ET - News Release

CALGARY, ALBERTA
-- (MARKET WIRE)
-- 10/01/12

MILL CITY GOLD CORP. ("Mill City" and/or the "Company")(TSX VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) has today granted to directors and a consultant of the Company incentive stock options to purchase a total of 3,800,000 common shares of the Company under the Company's current stock option plan. The options will vest as to 25% upon the date of grant and 12 1/2% every quarter thereafter with an expiry date of October 1, 2017 and are exercisable at a price of $0.10 per share.

ON BEHALF OF THE BOARD OF DIRECTORS

James R. Brown, Chairman, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.